10227 TX-242
Conroe, TX

Price: $2,754,000
Cap Rate: 5.30%
NOI: $145,962
Building Size: Approx. 7583 Sq. Ft.
Lot Size: Approx. 0.98 Acres
Type: Single-Tenant / Retail
Sub Category: Automotive Parts
Year Built: 2020

Investment Overview

  • 2020 Construction. 7,583+/- SF Building on .98+/- Acre Site
  • New 15-Year Corporate Lease w/ Rent Bumps in Base & Options
  • Located along TX-242 Access Rd (36K VPD) & Harper’s Trace
  • Across new H-E-B Grocery & Harpers Reserve Master Community
  • 2.5-Miles E of I-45 (230K VPD) & The Woodland’s Medical District
  • Proximity to Junior High and Elementary Schools (1K+ Students)
  • Strong Income Demographics with $92,351 within a Mile Radius
  • Conroe is 45-miles N of Houston and projected to continue to grow
  • Greater Houston | Fastest Growing Metros in the U.S. | Pop: 7M+

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